Levine Leichtman Capital Partners (“LLCP”), a Los Angeles-based private equity firm, announced today that Luminator Technology Group, LLC (“LTG”; www.luminatortechnologygroup.com), a portfolio company of Levine Leichtman Capital Partners IV, L.P., has successfully completed a $37 million senior financing with Siemens Financial Services, Inc. (SFS). Proceeds of the transaction were used to refinance existing debt, pay a shareholder dividend, pay related fees and expenses and provide for on-going working capital needs of LTG.
Lauren Leichtman, Co-Founder and CEO of LLCP, commented, “This transaction demonstrates the superior performance that the LTG management team has achieved since we bought the business together a year ago. The financing from Siemens Financial Services provides the Company with a multi-currency capital structure and the working capital that the business needs to continue its impressive growth in earnings.”
“We are excited to support the growth of LLCP’s portfolio company Luminator Technology Group “ said Brian Foster, Director, Leveraged Finance, Siemens Financial Services. “LTG’s focus on the global mass transportation market mirrors Siemens’ mandate to expand our leveraged finance platform internationally.”
About Luminator Technology Group
Founded in 1934 and based in Plano, TX, LTG is the leading manufacturer and integrator of LED-based lighting and display technology as well as passenger information systems to the global mass transportation industry. The Company serves three primary end markets: bus, rail, and aircraft. LTG is the parent of Luminator, Lawo, and Focon. Luminator, based in the U.S., sells specialized lighting and signage products for North American bus, rail, and global aircraft customers. Lawo, based in Germany, focuses on signage for the global bus and light rail segment. Focon, based in Denmark, provides passenger information systems for global rail customers.
About Siemens Financial Services, Inc
Siemens Financial Services, Inc. (SFS Inc.) is a leading provider of business-to-business financial services in the United States. SFS is a committed business ally that combines deep industry expertise with integrated financing solutions to enhance the efficiency, productivity, and competitiveness of its customers. The company, based in Iselin, NJ, enables business expansion for thousands of customers in the healthcare, energy, industrial , and infrastructure and cities sectors by providing customized solutions that range from equipment financing and working capital to project and export finance to structured and leveraged finance to insurance solutions. Further information on Siemens Financial Services in the United States: www.usa.siemens.com/finance